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Netflix Posts Loss for First Time in 7 Years

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  • Description

    MarketWatch’s Jon Friedman argues Wall Street doesn’t trust the video-rental service.

  • Duration 2:20
  • Date

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Transcript

This transcript is automatically generated

But to back to Netflix joined the company -- Jon Friedman with market watch John it was a 300 dollar stock.

And -- middle of last year it's 8586.

Box now you saw this coming what's the problem but I -- going going yes you did.

The problem is Wall Street doesn't trust this company it's that simple company makes statements about growth and they make -- about -- -- -- and Wall Street goes they'll believe you.

Well everybody -- line like Netflix from what I think is -- -- its greatest as a brand it's -- there's a stock that's so much just don't think the money's there.

I open -- believes the company's optimism of the Wall Street is things that we've we've got burned by you guys last year and now we've -- -- trust -- again and we don't buy it you think is going down from here.

I don't like big predictions but wouldn't be surprised that goes down -- you wouldn't be buying this dip into the would I would not all right tell me about apple.

Because your on this program because you've made outrageous statement that if you own apple now and -- downing -- don't sell make you kegs don't sell because the company is still very strong.

From the point of view about products hopefully -- -- customer trust management what's changed here why people all the sudden negative it was in the number it was down temporarily.

So what bump in the road do you think it's lost a little of its cool apple is not cool not one bit I think this that the products is still really in demand.

There's still very cool -- -- very hip.

Wall Street right now is a little cooler but so what it's it's it's a change -- -- find it a global economy that looks like it's going into -- votes almost all over the world real weakness do you think people by the tens of millions will still be shelling out.

Big box and premium prices because its apple one question -- -- Yes I think people will because people like apple.

They trust the company they enjoy the products and they want to feel cool -- before us that that's really the key word used to feel like you're part of a community of cool people -- John has the story when you're doing a TV interview I don't ask a question I don't want to 1 -- -- -- thought I've got a follow it up real real -- all of our Canadian I'll -- Citi get the answer is yes because apple.

Customers want to be part of the community and the company is not suffered yet any kind of a scandal any kind of -- -- problem any kind of of a blip.

It's all in the people's minds and on Wall Street that is it was a long answer that John will likely -- Stewart already ruined TV don't go to the yeah.

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